 |
Hot Pursuit
23-Aug-23
|
|
|
|
|
|
|
|
|
|
|
|
Rites gains on emerging as L1 bidder for testing & inspection of rails
|
|
Rites rose 1.59% to Rs 481.30 after the company said that it has been declared as lowest bidder (L1) in a tender floated by Railway Board for testing & inspection of rails for total consideration of Rs 65.4 crore.
|
|
|
|
|
|
The order includes service testing & inspection of 60,00,000 MT Rails (each year around 12,00,000 MT Rails for Indian Railways), approximate inspection fees to be received in 5 years is Rs 65.4 crore plus taxes.
The domestic order will be executed within 5 years plus 1 year (extendable).
RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 June 2023, the Government of India held 72.20% stake in the company.
The civil construction company's consolidated net profit declined 21.5% to Rs 108.01 crore on 10% decrease in Rs 544.35 crore in Q1 FY24 over Q1 FY23.
|
|
|
|
Previous News |
RITES to hold board meeting
(
Corporate News
-
15-May-24
17:31
)
|
|
|
Rites Ltd leads gainers in 'A' group
(
Hot Pursuit
-
25-Jan-24
12:01
)
|
|
|
Rites bags order worth Rs 33 crore for railway signaling project
(
Hot Pursuit
-
29-Mar-24
15:28
)
|
|
|
Rites signs MoU with IIT, Mandi
(
Corporate News
-
10-Feb-24
10:57
)
|
|
|
Board of RITES recommends Third Interim dividend
(
Corporate News
-
02-Feb-24
10:07
)
|
|
|
Rites fixes record date for 1st interim dividend
(
Market Beat
-
Reports
17-Jul-23
18:16
)
|
|
|
Rites declared top bidder for a Rs 414 cr project of IIT- Bhubaneswar
(
Corporate News
-
20-Jan-24
12:28
)
|
|
|
Rites drops as Q3 PAT slides 14% YoY to Rs 120 cr
(
Hot Pursuit
-
02-Feb-24
11:06
)
|
|
|
Rites, NHPC inks MoU for rail infra consultancy works
(
Hot Pursuit
-
22-Aug-23
10:18
)
|
|
|
RITES signs MoU with IIT-Kanpur for sustainable future
(
Hot Pursuit
-
11-Jan-23
10:19
)
|
|
|
Rites announces cessation of Govt. Nominee Director
(
Corporate News
-
01-Mar-24
13:40
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|